Icici Prudential India Equity Fof

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To begin with, the ICICI Prudential India has introduced a new fund offer. So then, the NFO might come about as ICICI Prudential India Equity FOF. It would exist as an open-ended equity scheme. Besides, this fund would predominantly invest in one or more mutual fund schemes/ ETFs. However, the NFO period will start on 5th Feb and closes on 19th Feb 2020.

The benchmark of the NFO seems S&P BSE 500 TRI. Besides, the NFO would remain available in the direct plan. Its offer of units exists of Rs 10 each during the NFO.

Entry Load and Exit Load:
Precisely, there seems no entry load for this scheme. Besides, for exit load, to redeem/switch within 365 days from the date of allotment of units: 1%. Also, to redeem/switch out more than 12 months from the date of allotment: Nil.

ICICI Prudential India Minimum Investment:
The minimum application amount remains Rs 5,000 (plus in multiples of Re.1) if it comes during the ongoing NFO period. Besides, the minimum additional investment stood about Rs 1000 and in multiples of Re.1.

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